Management Consulting Introduction

Knowledge Sharing Session – 1

March 25, 2021

What is Management Why do Companies Hire Broad Domains of Types of Consulting

Consulting Management Consultants Management Consulting Firms

Exit Opportunities Skillsets Needed in A Typical Day in the Life of a Consulting Hierarchy &
Consulting environment Management Consultant Trajectory

Speakers
Advik Aggarwal Naren Kashyap Purvi Gupta Shikha Soham Dutta Suditi Bansal
Of course, we have slides…
This is a session on Management Consulting.
 A Glimpse into
Management consulting is about providing an array of services focused
Management Consulting on helping clients improve their performance and add value

Client Business Needs Consulting Firm with Case solving & Implementation of
expertise Recommendations solutions (Downstream
work)

Go to market strategy Process & industry understanding Roadmap Creation Coordination with Teams

Product Strategy Stakeholder interactions Business case identification Project Management

Revenue/Profit Maximization Industry Analysis & Benchmarking Change Management

Innovation & Digital Transformation Data Analysis

 Management Consulting
Clients hire management consultant for reasons ranging from absolute
Value Proposition expertise requirement to creating a mere façade of seriousness

“I think… That’s what I do. I think… So that you don’t have to.”
- Tommy Shelby, MD, Peaky Blinders
Birmingham, England: Circa 1919

But that’s ‘not’ all folks……

Industrial Expertise Functional Expertise Ecosystem Knowledge and Connect

Inorganic Perspective and Opinions Internal Capability Crunch Time Crunch

Internal Branding Inner Peace Leadership Satisfaction

 Introducing Broad
Started off as pure play strategy work, management consulting is
Consulting Domains(1/2) increasingly venturing into implementation projects now

Common Consulting Project Domains Common Types of Consulting Projects

Market Entry/Market Sizing/Opportunity Analysis

Mergers & Acquisition

Revenue/Profit Maximization
Strategy Consulting
Innovation and Digital Transformation

Cost Optimization

Competitive Benchmarking

Implementation Consulting Program/Project Management

 Introducing Broad
Started off as pure play strategy work, management consulting is
Consulting Domains (2/2) increasingly venturing into implementation projects now

Common Consulting Project Domains Common Types of Consulting Projects

Impact Investment from NGOs

Advice to Ministries on campaigns

Public Policy/Govt
Consulting Advice to Government on social issues

Operational issues in Government Organizations/NPOs

Digital Enablement

System Study for performance/security improvement

Tech Consulting Dashboard/Tools Development

 Types of
Consulting firms globally can largely be categorized into five categories
Consulting Firms based on their focus area, structure and reputation

MBB (Big 3) Tier 2 Consulting Firms The Big 4 Tech Consulting Firms Boutique Firms

…and others …and others …and others

 Typical
Consulting firms differ in their nomenclature of positions but typically
one starts as an Analyst and goes up to Partner
Hierarchy & Trajectory (1/2)

Source: MConsultingPrep.com
 Typical
Consulting firms differ in their nomenclature of positions but typically
one starts as an Analyst and goes up to Partner
Hierarchy & Trajectory(2/2)

Source: MConsultingPrep.com
 An Overview of
Beyond travel and strategic discussions, management consulting can
A Day for a Consultant also be straight days of Excel modelling and slide building

Extensive Data Analysis Stakeholder interactions Internal Brainstorming Presentations to CXOs Frequent Travel &
(Excel, Power BI, Alteryx etc.) & management (Steering Committees) being on the go

The Consultant Consultant’s Constants

 An Overview of
While consulting doesn’t need any specific skill set, analytical skills &
Skillset in Consulting ability to deal with people are really valued

Analytical Mindset First Principle Approach

Inter-personal Skills Proactive

listening skills

Stakeholder management Ability to work in fast

paced environment
 An Overview of
The typical exit routes after Management consulting can be categorized
Exit opportunities broadly based on the developed skillsets and industry exposure

FINANCE

STARTUPS

INDUSTRY

INDEPENDENT GIGS
Thank You 